MLS/LoopNet Clause Samples
The MLS/LoopNet clause defines the parties' agreement regarding the listing and marketing of a property on Multiple Listing Services (MLS) and commercial real estate platforms such as LoopNet. Typically, this clause outlines whether and how the property will be advertised on these platforms, who is responsible for submitting the listing, and any limitations or requirements for such postings. By clarifying the use of MLS and LoopNet, the clause ensures both parties understand the marketing strategy and helps prevent disputes over property exposure and advertising responsibilities.
MLS/LoopNet. Manager may may not list the Property on the MLS LoopNet and other syndicated websites. If the Property is listed on the MLS or LoopNet, all terms of the transaction will be provided to the MLS or LoopNet for publication, dissemination and use by persons and entities pursuant to the terms of the MLS or LoopNet, and Owner authorizes Broker to comply with the MLS/LoopNet rules. MLS rules allow MLS data to be made available to the MLS to additional internet sites.